Stocks are lower as World Bank reduces 2009 forecast for global economy
Lowered expectations for the global economy are giving investors more to be wary about.
The major stock indexes retreated more than 1 percent in early trading Monday after the World Bank added to the market’s growing economic worries. The Washington-based global lender predicted that the world economy will shrink 2.9 percent in 2009. That estimate was worse than its previous forecast for a 1.7 percent decline.
Stocks get a boost from Growth in retail sales and better-than-expected jobless claims data
Investors welcomed a better-than-expected report on jobless claims and growth in retail sales, pushing stocks higher Thursday morning.
Investors have been latching on to signs of improvement in the economy to push stocks higher over the past three months, although rising interest rates have recently become a concern and sent stocks lower on Wednesday.
Safeguard Security Holdings, Inc. (OTC:SSHS), a provider of corporate and industrial security systems and personnel, announces today that the Board of Directors have appointed Shelly Anderson, Vice President, Operations, for its SYSTEMSgroup business unit and all operating divisions.
Safeguard Security Holdings, Inc. (OTC:SSHS), a provider of corporate and industrial security systems and personnel, announces today that the majority shareholders have elected Michael Gelmon and Cory Gelmon as Directors of the Board. R. Michael Lagow continues to serve his term as Director and CEO for the Company.
Stocks show little reaction to banks getting OK to repay $68 billion in bailout funds
Investors are showing little reaction to word that 10 of nation’s largest banks can repay $68 billion in bailout money.
Stocks are moderately higher but traders are reacting coolly to the Treasury Department’s announcement that the banks, which were not named, will be allowed to repay the money they received from the $700 billion emergency rescue fund created by Congress at the height of the financial crisis in October.
Safeguard Security Holdings, Inc. (OTC:SSHS), a provider of corporate and industrial security systems and personnel, announced today that it has formed a new subsidiary named Search Global International, Inc., dba SEARCHglobal. The newly formed company specializes in background investigation services to include criminal background screening and comprehensive criminal checks, showing felonies, misdemeanors, sex offenses and more at the state and county levels throughout the US. The new business unit is a wholly owned subsidiary of Safeguard and is expected to grow rapidly through acquiring other business units engaged in the same type of business which desire to consolidate with a public company.